Examlex
Describe the characteristics of Canadian union membership.
Simple Interest
A method of calculating interest where the interest charge is computed only on the principal amount and not on the interest that has accumulated.
Savings Account
A bank account where money is deposited for safekeeping, which earns interest over time.
Simple Interest
Interest calculated on the principal portion of a loan or deposit without compounding.
Commercial Paper
An unsecured, short-term debt instrument issued by corporations, typically used for the financing of payroll, accounts payable, and inventories, and meeting other short-term liabilities.
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